Pi Coin is recovering: capital inflow has reached a two-week high.

Pi Coin recently experienced a significant price drop, approaching important support levels.

Despite this, the altcoin remained above the potential historical minimum. Investors are providing the necessary momentum for the recovery of Pi Coin.
Pi Network is gaining momentum

At the time of writing this analysis, the sentiment in the Pi token market is positive: the MACD indicator suggests that the bearish momentum has not yet gained strength, so the cryptocurrency has time to recover. This is hinted at by the green candles on the histogram below.
The macro impulse for Pi Coin is also improving, as confirmed by the Chaikin Money Flow indicator (CMF). The CMF has shown a sharp increase, signaling a rise in capital inflows into the altcoin. Although the indicator is still below zero, the upward trend indicates that Pi Coin is regaining positions. This may help keep the altcoin's price above support levels and prevent it from falling to new lows.

The growing interest of investors in Pi Coin also indicates its potential for recovery. The more investors show interest in the token, the more stable the foundation for future price growth becomes. The influx of capital may help the altcoin overcome resistance levels, leading to a price increase. PI Forecast: key support.

The price of Pi Coin has dropped by 9.7% over the past four days. Recently, it approached local support at $0.440. If the token can bounce off this level and hold above $0.450, it will have a chance to start a new wave of growth. In that case, the price of the altcoin could rise to $0.493, allowing it to recover some of its recent losses. On the other hand, if investors start selling, Pi Coin risks facing further declines. A break below $0.440 could lead to testing the historical low of $0.400. At the time of publication, Pi Coin is only 9.6% away from this critical level. If selling intensifies, it risks falling back to the historical low.